The IRS collected a single-year record of $4.9 trillion of total tax revenue from return filings in fiscal year 2022, the Treasury Inspector General for Tax Administration (TIGTA) said in a recent report on IRS compliance activities.
The total revenue collected was about $790 billion more than in fiscal year 2021, TIGTA said in its report, Trends in Compliance Activities Through Fiscal Year 2022.
In 2022, U.S. taxpayers filed more than 161 million individual and 12 million business income tax returns, along with over 31 million employment tax returns, over 1 million excise tax forms and just over 297,000 estate and gift tax forms, the report said. Read more.